Technical & Analytical Tone (Market Structure Focused)
HBAR Reclaims $0.20 on ETF Catalyst but Faces Resistance Near Highs
October 28, 2025
Hedera’s HBAR surged on Tuesday, gaining 25.7% to reach $0.2052 amid a sharp 182% rise in trading volume, following the launch of Canary Capital’s spot HBAR ETF (HBR) on the NYSE. The product — backed by BitGo and Coinbase Custody with benchmark pricing from CoinDesk Indices — marks Hedera’s formal entry into the institutional ETF landscape.
Momentum accelerated around 06:00 UTC, when HBAR broke through the $0.2060 resistance level that capped gains earlier in October. Strong bid interest held above the $0.2000 psychological threshold, signaling renewed confidence among buyers.
However, price action later weakened as HBAR reversed from $0.209 to $0.205, slipping under immediate support amid elevated selling volumes. The pattern points to profit realization by large holders, with indicators suggesting short-term overbought conditions following the ETF-driven breakout.
Analysts say a retest of $0.200 could determine whether HBAR’s rally sustains, with that level acting as a pivotal support for maintaining bullish bias into November.
